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VENDOR MANAGEMENT

Vendor management or supply chain management is one of the most crucial processes of an organization. It maintains its day to day functioning and keeps it running. Vendors may range from basic supplies facilitator to high-end services provider. Thus, the scale of an organization runs proportional to the number of vendors it deals with. Not to forget, each vendor relation is a legal binding relation and must pass through strict legal scrutiny to attain desired results and maximum performance. Vendor management process requires strict compliance adherence to ensure transparent and effective vendor selection.

  • Are your agreements creating any binding relation in any disguised form? +

    • Solution: Our team thoroughly reviews each “Request for Information” and makes sure that it is not creating a binding relation under the mask. We also ensure that any information communicated to vendor is only transferred after proper execution of an NDA or Confidentiality Agreements.

  • SAre offer and acceptance properly defined? +

    • Solution: Each “Request for Proposal” is reviewed to ensure that it does not create a binding relation on its own, rather it should be an invitation to an offer and should communicate effectively and clearly the mode of acceptance. The team at GEIPER can also release RFPs to the list of vendors provided by the clients on clients’ behalf and as per client requirements. Release of Contract: After final selection of vendor, we draft the contract and work order (legal portion) as per the clients’ need and practices and thereafter release it to the short listed vendor..

  • Is your vendor complying with the terms of the agreements? +

    • Solution: A “Performance Review” is a solution to your problems. Our team maintains timely updates from various engagement personnel about the concerned vendor and compiles the performance reports as per clients need. This report is designed to check vendors’ compliance with the service level agreements “SLAs.” Also, based on the performance report credits are calculated and communicated to finance department for effectuating proper discounted billing

  • Do you think your company is losing saving opportunities? +

    • We understand the specific need of clients to look for Japanese / Korean or Chinese patent literature. We have evolved accurate methodologies to search patent literature of specific countries using advanced patent databases and also by using machine translations. We have teams that specialize in searching Chinese, Japanese and Korean patents.
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